NEW DELHI: Vatika Business Centre, a unit of Gurgaon-based real estate firm Vatika Group, is planning to make international foray this year and is exploring countries such as Singapore, Hong Kong and Bangkok to open business centres.

"We are in talks with people in these countries and will formalise the plan by year end," said Vineet Taing, President, Vatika Business Centre.

The company plans to take the revenue sharing model route for partnerships abroad. "We might also look at takeovers if the right opportunity strikes," he said.

The company plans to invest around Rs 175 crore in the next five years for opening around 25 more business centres, both in India and abroad, Taing informed.

Vatika Business Centre at present has 15 offices spread across New Delhi, Gurgaon, Noida, Mumbai, Bengaluru, Chennai, Hyderabad and Pune.

The company is also planning to diversify to tier II cities such as Jaipur, Chandigarh, Indore, Ahmedabad and Visakhapatnam.

"The aim is to not have too many business centres in one location and diversify," said Taing.

The parent company, Vatika Group, has been very active in its fund raising plans lately, raising over Rs 1,600 crore last month for its different businesses.